More Mississippi counties have been added to the disaster area declared following severe storms, tornadoes and flooding that took place onFeb. 10. Taxpayers within thedisaster areamay qualify for tax relief from the Internal Revenue Service.

Notice 2013-18supersedes Notice 2000-45 to remove blackberry, raspberry, and papaya plants from the list of plants with a preproductive period in excess of two years, for purposes of determining the applicability of section 263A to taxpayers engaged in the farming business.

Notice 2013-18 will be published in Internal Revenue Bulletin 2013-14, dated April 1, 2013.

Revenue Procedure 2013-20provides procedures for a taxpayer to obtain the automatic consent of the Commissioner under section 446(e) to change its method of accounting to elect not to apply section 263A to a plant removed from the list and modifies the Appendix of Revenue Procedure 2011-14.

Revenue Procedure 2013-20 will be published in Internal Revenue Bulletin 2013-14, dated April 1, 2013.

Notice 2013-16: We are modifying and superseding the appendix to Notice 2013-1, which provides a list of tribes that have settled trust management litigation cases against the United States, because two new tribes had settled trust management litigation cases since the publication of Notice 2013-1.

Revenue Ruling 2013-7provides various prescribed rates for federal income tax purposes including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, the adjusted federal long-term tax-exempt rate. These rates are determined as prescribed by § 1274.The rates are published monthly for purposes of sections 42, 382, 412, 1288, 1274, 7520, 7872, and various other sections of the Internal Revenue Code.

Revenue Ruling 2013-7 will be in IRB 2013-8, dated February 19, 2013.

Corrected version ofRevenue Ruling 2013-7.On February 19, 2013, the IRS released Rev. Rul. 2013-7, to be published in I.R.B. 2013-11 dated March 11, 2013, setting forth the Applicable Federal Rates (AFRs) for March 2013. On Feb. 5, 2013, the IRS and Treasury Department released Notice 2013-4, which solicits comments on the methodology used for computing the adjusted AFRs (which appear in Table 2 and Table 3 of the monthly AFRs), and provides interim guidance for computing the adjusted AFRs. Notice 2013-4 provides that the interim guidance for computing the adjusted AFRs will be reflected in the monthly revenue rulings beginning with the rates for March 2013. The adjusted AFRs in Table 2 and Table 3 of Rev. Rul. 2013-7 have been corrected to reflect the interim guidance provided in Notice 2013-4.